Weston, Connecticut Property Taxes
The median property tax rate in Weston, CT is 3.31%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Weston, the typical annual property tax bill reaches $16,404, exceeding the national median of $2,690. Property taxes in Weston are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Weston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Weston or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Weston, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.31%
Estimate Property Tax Bill
$16,438
$15,254
Ownwell’s Weston Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Weston. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Weston to provide an accurate estimate of your property tax bill. This essential tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down to find localized information. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Weston, Connecticut
Property taxes in Weston, Connecticut, play an essential role in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Weston is 3.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Weston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weston estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. Understanding how Weston compares with other areas provides valuable insights into the varying tax landscape across Fairfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weston Tax Rate
3.31%
Average Fairfield County Tax Rate
2.52%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weston, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06883 | 3.31% | 3.31% | 3.31% | 3.31% | 3.31% |
Source: Ownwell
Property Tax Assessment Values Across Weston, Connecticut
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Weston, Connecticut. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Fairfield County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Weston, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Weston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Weston both stand at $16,404 in the zip code 06883.
Average Weston Assessed Value
$496,630
Average Fairfield County Assessed Value
$310,800
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weston, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06883 | $328,614 | $386,895 | $496,630 | $671,065 | $943,400 |
Source: Ownwell
Property Tax Bills Across Weston, Connecticut
In Weston, located in Fairfield County, CT, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value of the property, which is determined by the town's tax assessor. For example, a home with a median price of $496,630 will have its assessed value calculated, and then the local tax rate is applied to this value to determine the tax bill. Several factors influence the final tax bill, including property size, location, and any improvements made to the property. In Weston, the tax bills can vary significantly. The 25th percentile tax bill is around $12,791, while the 75th percentile can reach up to $22,088. For those in the 90th percentile, tax bills can be as high as $31,059. These property taxes can significantly impact homeowners, often representing a substantial annual expense. Given that the national median property tax rate is 0.99%, Weston's property tax bills are notably higher, reflecting the area's high property values and tax rates.
Average Weston Tax Bill
$16,404
Average Fairfield County Tax Bill
$8,346
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Weston, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06883 | $10,864 | $12,791 | $16,404 | $22,088 | $31,059 |
Source: Ownwell